Nobel Prize In Economics Goes To Paul R Milgrom, Robert B Wilson For Improvements To Auction Theory

STOCKHOLM — Americans Paul R. Milgrom and Robert B. Wilson have won the Nobel Prize in economics for “improvements to auction theory and inventions of new auction formats.”

The winners were announced Monday in Stockholm by Goran Hansson, secretary-general of the Royal Swedish Academy of Sciences.

The award caps a week of Nobel Prizes at a time when much of the world is experiencing the worst recession since World War II because of the impact of the coronavirus pandemic.

Technically known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, the award was established in 1969 and is now widely considered one of the Nobel prizes.

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City Hall Notebook: Timeline for DCU Center improvements up in the air – News – telegram.com

When the city hit the pause button back in the early spring on the planned Phase 2 master plan improvements for the DCU Center because of funding uncertainty resulting from the COVID-19 pandemic, it was hoped it could be restarted in January.

Of course, no one back then foresaw that the city-owned DCU Center would remain closed seven months later. It is now expected to remain dark at least through the end of this year.

As a result, the possibility of a January restart for the project seems very much up in the air.

John Odell, the city’s director of energy and assets, told the Civic Center Commission last week that the restart will be determined when the revenue stream for it can support the work.

And with uncertainty about just when the DCU Center will be able to host events again, that makes the timeline for the project quite

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Improvements in stroke treatment could save more lives

stroke
Credit: CC0 Public Domain

Yale researchers have found ways to treat stroke patients that may otherwise be untreatable.

In a study published in the Journal of Neurosurgery, principal investigators Yale’s Charles Matouk, MD, associate professor of neurosurgery, and Nils Petersen, MD, Ph.D. associate professor of neurology, show that a method called direct carotid puncture (DCT) offers a life-saving and surprisingly safe alternative to the standard mechanical thrombectomy for patients with difficult-to-access arteries.

Americans have more than 795,000 strokes every year, leading to 140,000 deaths annually. Treatment options depend on when the stroke patient is brought to the hospital.

During the first four-and-a-half hours after a stroke starts, patients can receive tissue plasminogen activator (tPA), a protein that breaks down blood clots. But after that, it’s too late for tPA, as the risk of bleeding becomes too high. For the most severe subtype of stroke, caused by a blood clot

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2021 Honda Accord: The Midsize Stalwart Gets A New Trim And Powertrain Improvements

2021 Accord new
Accord Hybrid benefits from more responsive acceleration and upsized 19-inch alloy wheels for Touring trim. Honda

Honda’s top-selling Accord lineup will boast updated powertrains as well as new safety and entertainment features when it goes on sale for the 2021 model year.

The tenth-generation Accord midsize sedan was fully overhauled in 2018 and debuted with six available trims: LX, Sport, EX, EX-L, Sport 2.0T and Touring. This year a new Sport SE trim replaces the EX and adds several upscale features on top of the Sport, including leather upholstery with heated front seats, a power passenger’s seat, heated mirrors, a smart entry system and remote start. The other four trims remain unchanged.

2021 Honda Accord
Honda

The Accord Hybrid’s powertrain also has been tweaked to enhance driving dynamics and deliver more natural acceleration. The changes help eliminate any lag previously experienced after pressing on the pedal. The hybrid variant uses a specially tuned

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American duo win Nobel prize in economics for improvements to auction theory

Winners of the Nobel Prize in Economic Sciences Paul R Milgrom, left, and Robert B Wilson

Two American economists have won the Nobel Prize for improving the theory of how auctions work and inventing new and better formats that are now woven into the economy.

The discoveries of Paul R Milgrom and Robert B Wilson “have benefitted sellers, buyers and taxpayers around the world”, the Nobel Committee said, noting that the auction formats developed by the winners have been used to sell radio frequencies, fishing quotas and airport landing slots.

The two winners, who are economists based at Stanford University in California, were

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2 Americans win Nobel Prize in economics for improvements to auction theory

Two American economists won the Nobel Prize in Economic Sciences on Monday for improving the way auctions work and creating new auction formats that have benefited sellers, buyers and taxpayers around the world.

Paul Milgrom and Robert Wilson, who are based at Stanford University in California, designed new auction formats for good and services that are difficult to sell in a traditional way, including radio frequencies, airport landing slots and fishing quotas.

Their work resulted in crucial practical applications that have spread globally and “are of great benefit to society,” said Peter Fredriksson, chair of the Nobel committee.

Wilson, 83, developed the theory for auctions of objects with a common value, which is “uncertain beforehand but, in the end, is the same for everyone.”



a screenshot of a computer screen: Americans Paul R. Milgrom, left, and Robert B. Wilson have won the Nobel Prize in economics for 'improvements to auction theory and inventions of new auction formats.'


© Anders Wiklund
Americans Paul R. Milgrom, left, and Robert B. Wilson have won the Nobel Prize in economics for ‘improvements to auction theory and inventions

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Minnesota Department Of Transportation Announces Completion Of Road And Sidewalk Improvements On Hwy. 24 In Annandale

October 9, 2020

The Minnesota Department of Transportation is excited to announce all new lanes, cross street connections and sidewalks along Highway 24 between Highway 55 and Poplar Avenue will open this afternoon, Friday, Oct. 9.

The $4.9 million project, which began April 8, includes a new road surface, improvements to city underground utilities and expanded walks.

The project includes a newly designed downtown streetscape area with wider sidewalks, planting areas and colored concrete.

Pedestrian bump-outs are installed for improved visibility of walkers about to cross the road at Chestnut Street, Cedar Street and Cherry Avenue. Bump-outs also provide shorter crosswalk distances and reduce motorist speed while at the intersection.

Crews have a few off-road items to complete, including sidewalk and removal of equipment and traffic control devices.

MnDOT thanks the Annandale community for its continued patience during the six month project to improve Highway 24. For more information on

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Board Games Market Will Showcase Negative Impact During 2020-2024 | Rapid Improvements in Gameplay to Boost Market Growth

Technavio has been monitoring the global board games market size and it is poised to grow by USD 5.81 billion during 2020-2024. However, the market is expected to decelerate at a CAGR of over 15% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201012005073/en/

Technavio has announced its latest market research report titled Global Board Games Market 2020-2024 (Graphic: Business Wire).

Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization

The market is fragmented, and the degree of fragmentation will decelerate during the forecast period. Asmodee Holding, Clementoni Spa, CMON Ltd., Goliath Games LLC, Hasbro Inc., Mattel Inc., Monte Cook Games LLC, PD-Verlag, Ravensburger

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Palm Springs council paves way for improvements at PSP

More improvements are coming to the Palm Springs International Airport.



a airplane that is driving down the road: An American Airlines flight takes off Palm Springs International Airport, November 19, 2019.


© Jay Calderon/The Desert Sun
An American Airlines flight takes off Palm Springs International Airport, November 19, 2019.

The Palm Springs City Council on Thursday unanimously approved an amendment to the airport concession lease agreement and concept designs related to a demonstration garden and future turf conversion projects.

An extension of the concessions agreement with Paradies Shops, which has operated at the airport since 1999, will be in effect through April 2023, according to the city.

It will include a $512,000 investment from Paradies to improve food and bar spaces with proposed concepts such as Santa Rosa Kitchen and Spirits, PSP Coffee House and The Wine Bar at PSP in lieu of the 12th Fairway, Starbucks and California Vintage. 

Approving the amendment will allow Paradies to begin working on design plans, acquiring equipment and hiring staff in hopes of

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CT gets $400K grant to study improvements to Metro-North lines

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